Fifteenth Finance Commission recommends a 41% cut of central tax revenue go to states - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Fifteenth Finance Commission recommends a 41% cut of central tax revenue go to states

The recommendation is just a percentage point short of the 42% level suggested by the 14th Finance Commission. The snip reflects the change in the status of Jammu and Kashmir from state to union territory.

from Economy-News-Economic Times
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